India Below Asian Average in Electric Vehicle Penetration; CY 2022 Pegged at Just 1.1% Updated On Thu, May 18th, 2023 by Saurenergy As per a research by S&P Global Ratings, India’s EV penetration is a laggard in CY 2022 when compared against other Asian countries. The percentage of EV penetration in the said year was a mere 1.1%, signficantly lower than the Asian average pegged at over 17 per cent. Not surpisingly, the penetration of electric vehicles […] Read more
Repsol To Invest €500 Million For 1.7 GW Renewables In Italy Updated On Wed, May 17th, 2023 by Saurenergy Repsol will develop renewable projects in Italy totalling 1,768 MW. It has a portfolio in the country that, once fully operational, will add 943 MW of wind and 825 MW of photovoltaic solar projects to the multi-energy company’s portfolio of renewable projects. More than 60% of the projects in Italy are at an advanced stage […] Read more
Vattenfall, OX2 To Build 1.6-GW Offshore Wind Power In Sweden Updated On Tue, May 16th, 2023 by Saurenergy Global renewable energy developers Vattenfall and OX2 have received permission from the Swedish government to build 1.6 GW of offshore wind energy in Sweden waters. Vattenfall will be developing 1.2GW and OX2 has 400 MW in its kitty. Vattenfall has disclosed that the Swedish Government allowed it to develop 1.2 GW Kattegat Syd offshore wind […] Read more
MNRE Official Indicates India’s First Offshore Wind Tender By June End Updated On Tue, May 16th, 2023 by Saurenergy A top official of Ministry of New and Renewable Energy (MNRE) has announced that India may float its first offshore wind energy tender in the coming four to six weeks. The information has been shared by MNRE Joint Secretary Dinesh Jagdale during a side event of the Energy Transitions Working Group of the G20 Presidency […] Read more
Mingyang Gets 306-MW Philippines Turbine Order Updated On Tue, May 16th, 2023 by Saurenergy Chinese wind turbine maker Mingyang Smart Energy Group Limited has announced that it has secured a 306-MW order from Singaporean renewable energy company Vena Energy for two onshore wind projects in the Philippines. Mingyang said the 212.5-MW Talim and 93.75-MW Sembrano are the two onshore wind projects. Mingyang also informed that the wind projects would […] Read more
Sona Comstar, Equipmake To Make Electric Powertrains For Indian Vehicles Updated On Tue, May 16th, 2023 by Saurenergy Gurugram-based automotive technology company Sona BLW Precision Forgings Ltd, or Sona Comstar, has signed a technology licensing agreement with UK-based tech firm Equipmake which has developed high-performance electric powertrains. The patented technology of Equipmake offers high power density and efficiency with high performance, making it ideal for electric cars, buses, and commercial vehicles. Under the […] Read more
Mufin Has Disbursed Highest Loans in Uttar Pradesh: Pankaj Gupta, Mufin Green Finance Updated On Mon, May 15th, 2023 by Saurenergy Mufin Green Finance, which claims to be India’s first listed NBFC dedicated to green financing, began its journey in 2016 with E-rickshaws way back. The firm claims a market share of 5% in e-rickshaw financing and says it has been able to keep the NPAs as low as 1.92%. With a portfolio dominated by borrowers […] Read more
MNRE Orders 80% Reduction In Application Fees Under ALMM Updated On Sat, May 13th, 2023 by Saurenergy In its latest notification, the Ministry of New and Renewable Energy (MNRE) ordered a sharp reduction of up to 80 percent in application fees under the Approved List of Models and Manufacturers (ALMM) scheme. The order, however, did not give any relaxation to companies having manufacturing facilities in non-SAARC countries in inspection fees. A media […] Read more
Masdar to Use Octopus Technology to Develop UK Battery Storage Updated On Thu, May 11th, 2023 by Saurenergy Global energy tech group Octopus Energy has inked a deal with renewable major Masdar under which it will license Octopus’ technology platform Kraken to flexibly manage its battery storage portfolio in the UK. The move will enable Masdar to optimize and expand its energy trading capabilities in the UK, helping to accelerate the rollout of […] Read more
